Ashutosh Kulkarni - Oct 13, 2025 Form 4 Insider Report for Elastic N.V. (ESTC)

Role: Chief Executive Officer, Director
Signature: /s/ Marielle Reints, by power of attorney
Stock symbol: ESTC
Transactions as of: Oct 13, 2025
Transactions value $: $0
Form type: 4
Date filed: 10/15/2025, 05:06 PM
Previous filing: Sep 16, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kulkarni Ashutosh	Chief Executive Officer, Director	C/O ELASTIC N.V., 88 KEARNY STREET, FLOOR 19, SAN FRANCISCO	/s/ Marielle Reints, by power of attorney	2025-10-15	0001829070

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ESTC	Performance Share Units	Award	$0	+456K		$0.00	456K	Oct 13, 2025	Ordinary Shares	456K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of performance-based restricted stock units ("PSUs") issued pursuant to the Company's Amended and Restated 2012 Stock Option Plan. Each PSU represents the right to receive, at settlement, one ordinary share.
F2	The PSUs will vest, if at all, in four tranches as follows: 20% will vest with respect to each of the first three tranches and 40% will vest with respect to the fourth tranche. Each tranche of PSUs will vest if the Company achieves a share price goal specified for that tranche, measured from a baseline share price of $86.61, at any time during a three-year performance period ending on October 13, 2028 for the first tranche and during a five-year performance period ending on October 13, 2030 for the second, third and fourth tranches, contingent in each case on the reporting person's continuous service as the Company's chief executive officer through the date of each applicable service vesting event. The number of PSUs earned for any tranche is subject to a 20% reduction based on the relative performance of total shareholder returns as specified in the award agreement.

Content

Represents an award of performance-based restricted stock units ("PSUs") issued pursuant to the Company's Amended and Restated 2012 Stock Option Plan. Each PSU represents the right to receive, at settlement, one ordinary share.

The PSUs will vest, if at all, in four tranches as follows: 20% will vest with respect to each of the first three tranches and 40% will vest with respect to the fourth tranche. Each tranche of PSUs will vest if the Company achieves a share price goal specified for that tranche, measured from a baseline share price of $86.61, at any time during a three-year performance period ending on October 13, 2028 for the first tranche and during a five-year performance period ending on October 13, 2030 for the second, third and fourth tranches, contingent in each case on the reporting person's continuous service as the Company's chief executive officer through the date of each applicable service vesting event. The number of PSUs earned for any tranche is subject to a 20% reduction based on the relative performance of total shareholder returns as specified in the award agreement.